Korea's industrial output, consumption, investment all fall in October
Published: 30 Nov. 2023, 09:46
-
- KIM JU-YEON
- [email protected]
![Industrial output fell in October on a marked decline in the production of the semiconductor sector. Pictured is a semiconductor displayed at the SEDEX semiconductor convention held in October. [NEWS1]](https://koreajoongangdaily.joins.com/data/photo/2023/11/30/b8dd2c39-72a3-43e2-b805-487496585f67.jpg)
Industrial output fell in October on a marked decline in the production of the semiconductor sector. Pictured is a semiconductor displayed at the SEDEX semiconductor convention held in October. [NEWS1]
Industrial production dropped 1.6 percent on-month in October following two months of gains, according to Statistics Korea.
October's decline came as the production of the semiconductor sector logged an 11.4 percent on-month fall.
Retail sales, a gauge of private spending, fell 0.8 percent on-month on weak demand for food and other non-durable goods.
Facility investment also slid 3.3 percent, compared with the 8.7 percent rise a month earlier, according to the data.
It is the first time in three months that all three measures showed declines. Compared with a year earlier, industrial output rose 1 percent last month.
BY KIM JU-YEON, YONHAP [[email protected]]
with the Korea JoongAng Daily
To write comments, please log in to one of the accounts.
Standards Board Policy (0/250자)